Md. Code Regs. 31.11.01.05

Current through Register Vol. 51, No. 12, June 14, 2024

Section 31.11.01.05 - Insurer's Option

A. Instead of issuing an individual converted policy, the carrier may elect to provide the coverage required by this chapter by means of a group policy issued to a trustee and covering persons eligible for the conversion rights of these regulations.

B. The policy issued under §A of this regulation may provide that the entire premium be payable by the insured persons.

C. The group policy issued under §A of this regulation shall provide benefits not less than those stated in Regulations .06 and .10 of this chapter.

Md. Code Regs. 31.11.01.05